value explain, quick

ethereum has a actual underlying "work" cost of hardware and electric far below $40 a coin but speculates at $1.2k

NFT art is doodled in 6 minutes (minwage of $10= $1 cost) but speculates at a premium of $stupid high amount

ethereum has a actual underlying "work" cost of hardware and electric of above $10k and below $15k where the market above this speculates at $15.5-$18k this last few months

meaning bitcoin has good value and others have bad value

you cant just create value by having a price. value is a separate measure from the market rate

other idea's

countries treasury release the budget ledger accounts for public spending need for the following year
and citizens vote in each year either money creation which dilutes current supply value. or taxation % increase to cover costs

that way citizens decide rather then politicians

everyone having their own coin. ends up with nothing.

EG a baker making cakes is not selling "baker coin" to another person. they are selling CAKE

so why would a baker accept a mcdonald burger chefs "meat flipper coin"
when that mcdonalds employees labour is to sell burgers not coin

i get the underlying idea. mcdonalds business trades "meat flipper coin" for "mcdonalds coins" which it got from a customer buying a burger

but the whole arbitrage from a baker trading its baker coin for mcdonalds coin for burger flipper coin. just ends up getting too miss-mashy in an accounting system

where reality is the real world X cakes afforded the baker y burgers

some other idea's

lets expand on hydrogens morality coin idea

if you do no crime you earn coin.
EG no speeding tickets, no convictions, no disobedience.

but where disobedience, convictions, result in a minus balance

EG murder. = equivalent of a -$800k balance. where you dont get out of prison until break even, via earning good behaviour credit while in prison
(EG ends up being a 40year sentence if max good behaviour rated as $20k a year)

or a speeding ticket being a -$100 where by if you cant pay it with any positive balance you spend that time in jail until you earn enough good behavior to break even
(EG ends up being a 43 hours in jail if max good behaviour rated as $20k a year)

where that initial minus balance. becomes funds put into a victims support account
...
separate idea
reputation

showing you have education. work history earns you more social credits to spend later in life. where the morality coin can can take away from that if disobedient

(lets not go into the gov conspiracy of controlling a obedient populous via authoritarian restrictive rule of what is obedient)

yea
such as actual bitcoin sats that have a underlying mining process of actual cost impact on the coin generation...

not some subnetwork payment unit that is just losely and unenforced pegged to a supposed bitcoin value and easily breakable from its supposed bitcoin value. where the unit is a IOU with a proposed 2week-12 month deemed IOU agreement delay before it would settle.

especially when this subnetwork payment token can easily just fractional reserve up accounts of payment units with no pegged and confirmed funding utxo

.. oops i said to much. now im going to get a tirade of abuse about how im harming doomads favoured subnetwork he thinks has value but ignores the risks and flaws of his broken subnetwork of payment units bitcoin does not understand

this is not about actual real world proposal. im not interested in creating any ICO.

this is fun hypothetical how would you want to design a CBDC with a fair money creation system, that would be better than what the real world CBDC pre-mine/loan value money creation offerings are

.. in short. if money creation was no longer mortgage/QE created. in a scenario how else would you have a system of fair money creation. what other ways can you all think up new ways for money creation thats fairer

or if it was debt based created. how would you make that system better than current fiat


yes i want people to think about how their desired money creation systems affect things like GDP measures. and how it can affect employment, education, and the costs of tax, social security, etc etc

but its more about if you had a wand to create a system what system of money creation can you think up..

for instance in my birth ratified money creation idea. it:
removes the initial XX trillion premine for NO reason.
removes the mortgage/QE mechanisms for money creation.
and instead has a "show me a birth certificate and here have a pot of money"

where by i am not asking or explaining if that pot of money is locked until 18 or 60. im just saying that the money creation is locked to population increase

now lets see your fun ideas

it is all just fun and hypothetical economics

it wasnt about me making an ICO proposal
i can make billions of ICO coins but never wanted to

it was more about knowing CBDC are just crypto fiat pre-minting trillions and just swapping out the native fiat. (worse economic model)

i was thinking what if we as common people came up with better idea's that didnt rely on debt creation/involving a tax burden.

thus having it no longer mortgage created money or QE created. but where every person had a fair "savings" which could be used for education or unemployment or retirement. thus reduce the tax burden while also creating money without the debt burden.

as for working
i dont personally feel we should 'live to work' or 'work to live'. where we need to spend 60 hours a week in slave employment just to survive.
but instead comfortably work maybe 25-30 hours to live comfortably

where we know we can retire and enjoy life at a still healthy and useful age of 55yo-60 and actually have time to enjoy life

where things like education means we actually get a better employment income or better lifestyle. compared to current regime where even having a $100k debt for a degree doesnt guarantee you a good job

..
so for fun hypothetical imagine you have a magic wand and created a monetary system that helps improve overall work-life-education-employment prospects. instead of leaving people with debt and taxes as the only thing to be left with

yes he was and is on drugs
he is now on emsam as a counter to side effects and also give him a reduced but still receiving high he is used to getting from other drugs

he planned he wont have access to hard drugs but didnt want to go cold turkey so is using prescribed drugs now
he literally asked the judge at his charges hearing if he could go take his dopamine(high) drugs in the court house bathroom

you would be surprised how much you can affect a price via arbitrage on limited funds

A. usdt->$usd                 1:0.9999
B. $usd ->usdc       0.9999:0.9999
C. usdc->usdt         0.9999:0.9999
A. usdt->$usd         0.9999:0.9998


you then arbitrage(a-b-c) and then uses same funds again to repeat 1000 times

$250k can generate (until you have nothing left)  over $190m volume

which is why it was not a single order of $250k. but a arbitrage bot trading fast over 1000 cycles. which is why he said "stop!"

if real estate is so safe..
.. how come you need house insurance

ill leave you with that thought

housing comes with on-going costs.
i can buy a bitcoin. and never access the internet for 10 years and know my coins are still there..

try that with a house.
youll end up with squatters, vandalism, damage, leaks.
governments can seize homes. tax homes.

if you calculate insurances maintenance, mortgage interest, taxes.. truly see how much that affects any valuation increase over 10 years compared to purchase price. see the real value(lack) of housing

well it was give up the extradition fight. or stay in bahama jail till february to then get the chance to fight it. which could be a 4 year court case, just on extradition battle.. so i think he's preferring a US jail and just get it over with.. maybe the US jail has vegan options



well i think the multiple charges are not because they already have soo much evidence for a quick conviction.
even the new CEO/administrator is still trying to piece everything together and said it will take months to get a clear picture of the records and what actually happened

but they done a broad range of charges to cover any/all possible crimes.. and slowly wilt them down to 1-2 primary charges that can stick. (and then give max penalty for those primary crimes)
but lets hope they can over the next couple months gather evidence to have more then 1-2 crimes to stick

not polished... more like its very rusty (excuse he dev name pun)


seeing a whole unit as $16k where it shows $500 daily movement looks like volatility
but bring the unit to say 0.00000100(1 bit)
where 1 bit is $0.016=$0.0165
     100 bits is $1.60-$1.65

people dont notice it as much. because most things in life have a change of magnitude more then that

bread can be the difference of $1.70-$2.20 depending on vendor in any given week.

albeit having a 5x multiple this 4 year cycle is a large change. but that will settle down.
after all we are not having up 100x event of 2011($0.3-$30) any more
after all we are not having down 15x event of 2011-12($30-$2) any more

a txid is a hash... but its just a hash.. its not a PoW hash based on a difficulty rating. its simply a straight forward hash of the data

in short. i call BS on this topic

i think regulators and prosecutors are this week more interested in what alameda 'queen'(SBF ex-gf) caroline ellison has to say, because she is currently in NYC, free as a bird..
i bet she is singing like a canary in a coal mine, chirping many things to get an immunity deal while outing SBF's bad deeds

5% tax rebate if you dont speed

income per year $20k untaxable allowance $12k
tax 20% which is 20% on 8k= $1600

5% discount on $1600=$80

so dont speed save $80.. speed and get caught means pay a $80 'tax'
hmm sounds like standard speeding ticket to me, just worded backwards

...
here is another idea for fun

earning through learning
A grade = x coin   C grade = 0.8 x coin  F grade 0.5 x coin

during education getting X coin to cover a certain allotment of earnings
such as if there was a half semester exam you get 1/6th of a years income at a social security level(below min wage) to cover any living /educational costs for F grader,, and double for A grader that can be at or above min wage

 and at graduation getting XXXX (at multiple of grade rating) coin to cover a reasonable amount to cover a retirement amount or lengthy time of unemployment

thus the better you do at school the better the lifestyle you can have and security for future unexpected events that leaving you relying on your social payment.

it also sets thresholds for employers to meet standards of their salary offers to tempt better grade people to work
EG unskilled employers offer of min wage is 2x better than what the F grader is living on via his social security/education funds. where as an employer wanting an A grader would/should offer more then minimum wage to tempt them to work for the company

meanwhile.. alemedia queen and SBF ex girlfriend is happily singing like a free song bird in new york

FTX was NOT worth $32billion
in no way at all by any measure

FTX was basing its value on the market cap of FTT tokens
those tokens were like 356million tokens

but people didnt put in $32billion of fiat to buy up all of them tokens to give FTX cashflow to have a real value

instead it was all paper value of like $400m-$2bill FTT bought

where those only bought a 1/16th - 1/5th of tokens depending on the price per token at the time of the buy-ins

..
its like any company 'paper valuation' or even a crypto market cap
they are only valuated/market capped based on current market rate of one small market order multiplied by total token/share supply

..
as for cashflow from other trade volume.
that too does not meet the values that show an adequate cashflow to valuation multiplier.

no warren buffet style investor would see the FTX company valuation and think 'yea thats true good value, ill buy that. im protecting my store of value buying that'

when any company tries to do a 16x multiplier. investors should stay away

what if i told you most commands and functions used in programming software today are actually commands and functions coded by other developers of the last generation

yep when someone uses a command like openfile 'fopen()'
that open file is a function name of a whole lump of code to do the file opening process that someone else wrote years ago

so its not surprising

the difference is these pre programmed commands/functions are a library of commands/functions that have been sorted into a set that has become part of some central located 'update' to a programming language package.
where as open source is where current generation people can just copy and paste in functions of recently produced commands/function. that are not part of some sorted library update of a programming language.

in short. imagine microsoft visual studio didnt have "openfile" as a preset command(not in its command library) where you would if you wanted to open a file have to manually script your own process or wait for years hoping microsoft add it to the library in future updates... or.. borrow someone elses script/function from an open source

if everyone had to write things manually where there were no libraries or open source. people would hate coding and would take alot longer to create things(years instead of hours-weeks)

maybe just maybe.. if only there was a currency that was invented. in say 2009. which by hoarding a few coins years ago would self sustain devs lifestyle to day to not need to be sponsored by companies and then have to be compliant to those sponsors demands. oh wait there is such a currency.


i have been self sustainable since 2012 thanks to bitcoin. i dont need an employer
i get to be open and frank with my thoughts

just a shame devs didnt invest in bitcoin to be self sustainable

there is only a X supply untapped.
one tapped its burned and gone. (decrease supply)

fossil is not a fixed supply that stays in circulation
its a supply with a decay/burn rate

there is a reason of fear in the 1980's of promoted carbon deadline date of  2050 for fossil fuel and its not "climate" its "reserves"

they have to reduce how much they tap into resserves and burn resevers to try to stretch out remaining untapped supply

so far they estimate they have stretched out reserves to last until 2065
but more need to be done to last longer than 43 remaining years